JPMorgan Chase & Co. Has $10.83 Million Holdings in Federal Agricultural Mortgage Co. (NYSE:AGM)

JPMorgan Chase & Co. raised its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,998 shares of the credit services provider's stock after acquiring an additional 9,485 shares during the period. JPMorgan Chase & Co. owned about 0.51% of Federal Agricultural Mortgage worth $10,832,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its holdings in shares of Federal Agricultural Mortgage by 1,589.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock valued at $70,114,000 after purchasing an additional 334,928 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Federal Agricultural Mortgage during the 4th quarter valued at $28,914,000. Principal Financial Group Inc. grew its position in Federal Agricultural Mortgage by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after acquiring an additional 29,917 shares during the last quarter. American Century Companies Inc. increased its holdings in Federal Agricultural Mortgage by 10.9% in the 4th quarter. American Century Companies Inc. now owns 220,261 shares of the credit services provider's stock worth $43,380,000 after purchasing an additional 21,670 shares in the last quarter. Finally, Boston Partners raised its position in Federal Agricultural Mortgage by 3.8% in the fourth quarter. Boston Partners now owns 415,716 shares of the credit services provider's stock valued at $81,813,000 after purchasing an additional 15,140 shares during the last quarter. Institutional investors and hedge funds own 68.03% of the company's stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price objective on Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a "market perform" rating in a research note on Monday, February 24th.

Remove Ads

Federal Agricultural Mortgage Price Performance

Shares of NYSE:AGM opened at $171.11 on Tuesday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. Federal Agricultural Mortgage Co. has a 52 week low of $159.64 and a 52 week high of $217.60. The firm has a market cap of $1.86 billion, a PE ratio of 10.40, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The firm's fifty day moving average is $192.02 and its 200-day moving average is $195.35.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The credit services provider reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. The firm had revenue of $101.26 million for the quarter, compared to analyst estimates of $92.81 million. During the same quarter in the previous year, the company posted $4.10 EPS. Sell-side analysts predict that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. Federal Agricultural Mortgage's dividend payout ratio is currently 36.47%.

Insider Buying and Selling at Federal Agricultural Mortgage

In other Federal Agricultural Mortgage news, Director Mitchell A. Johnson sold 2,500 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total transaction of $513,025.00. Following the completion of the sale, the director now directly owns 8,644 shares in the company, valued at approximately $1,773,835.24. This trade represents a 22.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert G. Sexton acquired 1,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $195.62 per share, for a total transaction of $195,620.00. Following the completion of the purchase, the director now directly owns 13,517 shares in the company, valued at $2,644,195.54. This trade represents a 7.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.

Want to see what other hedge funds are holding AGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.